I'm going to do something that is unheard of in stock chart and market analysis. I'm going to tell you exactly what I look for in a stock and how I find picks for one of the most popular stock blogs on the Internet.
This secret algorithm I'm about to reveal beats the pants off just using technical analysis to read stock charts.
I'm part of an exclusive stock club that gave me this algorithm. Make no mistake, this algorithm is very powerful and can produce annual returns in excess of 1,000%!
This ground breaking algorithm gives any computer an almost spooky ability to analyze a stock better than a technical analyst reading a stock chart! Many years ago, software programs used statistics and models for returning buy and sell signals. But this secret algorithm is way more advanced. It's like have 50 analysts inside your computer giving you their opinions on any stock you want!
My fellow inner circle club members have used this to make a ton of cash. I'm going to tell you exactly what this secret algorithm is.
So you are probably wondering why I'm giving this away free. Well, I'm hoping you will make a lot of money from this formula and become a subscriber to my blog. That's fair.
One component of this formula is to establish the direction of the trend. You need the 10 day MA, the 20 day MA, and the 50 day MA. The formula for this section is: IF 10 day MA greater than 20 day MA greater than 50 day MA THEN NEXT STEP. This is just a computer way of saying that the 10 day MA needs to be above the 20 day MA which needs to be above the 50 day MA. If it is, move on to the next step, if not, throw away that stock and start over.
The next step in this secret formula is to examine the last hour of trading on the previous day. If it has closed above the 5 hour MA, move to the next step. It is hasn't toss the stock out and pick a better one.
In this step we must look at the stock's 3 day high. If it is at a 3 day high, you can keep reading the next step below. If not, you need to ditch the stock and start over again with another stock.
The next component in this formula is if the last price of the stock is above the 20 day MA. If it is, move on, if not, reject and start over.
In this step, we need to look at the previous week of trading and then 2 weeks before that. If the stock hit a 3 week high in the last week of trading, that is excellent, keep reading. If not, say goodbye to the stock and start over again with another stock.
The final component in this formula is if the stock has hit a 3 month high in the last month (the previous full month of trading).
This secret algorithm I'm about to reveal beats the pants off just using technical analysis to read stock charts.
I'm part of an exclusive stock club that gave me this algorithm. Make no mistake, this algorithm is very powerful and can produce annual returns in excess of 1,000%!
This ground breaking algorithm gives any computer an almost spooky ability to analyze a stock better than a technical analyst reading a stock chart! Many years ago, software programs used statistics and models for returning buy and sell signals. But this secret algorithm is way more advanced. It's like have 50 analysts inside your computer giving you their opinions on any stock you want!
My fellow inner circle club members have used this to make a ton of cash. I'm going to tell you exactly what this secret algorithm is.
So you are probably wondering why I'm giving this away free. Well, I'm hoping you will make a lot of money from this formula and become a subscriber to my blog. That's fair.
One component of this formula is to establish the direction of the trend. You need the 10 day MA, the 20 day MA, and the 50 day MA. The formula for this section is: IF 10 day MA greater than 20 day MA greater than 50 day MA THEN NEXT STEP. This is just a computer way of saying that the 10 day MA needs to be above the 20 day MA which needs to be above the 50 day MA. If it is, move on to the next step, if not, throw away that stock and start over.
The next step in this secret formula is to examine the last hour of trading on the previous day. If it has closed above the 5 hour MA, move to the next step. It is hasn't toss the stock out and pick a better one.
In this step we must look at the stock's 3 day high. If it is at a 3 day high, you can keep reading the next step below. If not, you need to ditch the stock and start over again with another stock.
The next component in this formula is if the last price of the stock is above the 20 day MA. If it is, move on, if not, reject and start over.
In this step, we need to look at the previous week of trading and then 2 weeks before that. If the stock hit a 3 week high in the last week of trading, that is excellent, keep reading. If not, say goodbye to the stock and start over again with another stock.
The final component in this formula is if the stock has hit a 3 month high in the last month (the previous full month of trading).
About the Author:
Before you waste the time doing this by hand, there is an Artificial Intelligence stock chart screener that can scan more than 20,000 stocks in 3 seconds. For more information go to Lance Jepsen's blog at stock chart
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